Brian P. Friedman Purchases 25,000 Shares of Fiesta Restaurant Group, Inc. (FRGI) Stock

Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) Director Brian P. Friedman bought 25,000 shares of the stock in a transaction on Friday, September 1st. The shares were acquired at an average cost of $18.20 per share, with a total value of $455,000.00. Following the acquisition, the director now directly owns 2,116,295 shares in the company, valued at approximately $38,516,569. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Fiesta Restaurant Group, Inc. (FRGI) opened at 16.40 on Tuesday. Fiesta Restaurant Group, Inc. has a one year low of $15.50 and a one year high of $30.65. The firm’s market cap is $440.09 million. The stock has a 50 day moving average of $17.60 and a 200 day moving average of $20.96.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its earnings results on Monday, August 7th. The restaurant operator reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by $0.03. Fiesta Restaurant Group had a positive return on equity of 11.77% and a negative net margin of 2.75%. The firm had revenue of $172.62 million for the quarter, compared to the consensus estimate of $178.19 million. During the same period in the prior year, the business earned $0.34 EPS. Fiesta Restaurant Group’s quarterly revenue was down 4.9% on a year-over-year basis. Equities research analysts predict that Fiesta Restaurant Group, Inc. will post $1.02 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in FRGI. Teachers Advisors LLC raised its stake in Fiesta Restaurant Group by 17.1% during the fourth quarter. Teachers Advisors LLC now owns 56,436 shares of the restaurant operator’s stock worth $1,685,000 after buying an additional 8,239 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Fiesta Restaurant Group by 1.9% during the first quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the restaurant operator’s stock worth $266,000 after buying an additional 200 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in Fiesta Restaurant Group by 10.5% during the first quarter. Great West Life Assurance Co. Can now owns 38,070 shares of the restaurant operator’s stock worth $919,000 after buying an additional 3,612 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Fiesta Restaurant Group by 2.6% during the first quarter. Bank of New York Mellon Corp now owns 322,699 shares of the restaurant operator’s stock worth $7,809,000 after buying an additional 8,258 shares during the last quarter. Finally, Comerica Bank raised its stake in Fiesta Restaurant Group by 4.2% during the first quarter. Comerica Bank now owns 29,735 shares of the restaurant operator’s stock worth $743,000 after buying an additional 1,195 shares during the last quarter. 94.09% of the stock is owned by institutional investors and hedge funds.

FRGI has been the subject of a number of analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $25.00 target price on shares of Fiesta Restaurant Group in a report on Monday, May 15th. BidaskClub lowered shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Zacks Investment Research lowered shares of Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a report on Monday, July 10th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Fiesta Restaurant Group in a report on Monday, July 24th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and set a $17.00 target price (down previously from $22.00) on shares of Fiesta Restaurant Group in a report on Thursday, August 10th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $24.33.

Fiesta Restaurant Group Company Profile

Fiesta Restaurant Group, Inc owns, operates and franchises two fast-casual restaurant brands, Pollo Tropical and Taco Cabana through its subsidiaries Pollo Operations, Inc, and its subsidiaries, and Pollo Franchise, Inc, (collectively Pollo Tropical) and Taco Cabana, Inc and its subsidiaries (collectively Taco Cabana).

Insider Buying and Selling by Quarter for Fiesta Restaurant Group (NASDAQ:FRGI)

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